news corp, acquisition

Media Decoder Blog: News Corporation Is Said to Bid for Penguin

Rupert Murdoch’s News Corporation, the parent company of HarperCollins, is exploring a cash bid for Pearson PLC’s Penguin book division, a step that could ignite a bidding war for Penguin as the publishing industry begins to move toward consolidation.

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Murdoch pressured to reconsider BSkyB bid

Britain was looking for a way out of approving media baron Rupert Murdoch's multi-billion dollar deal to buy broadcaster BSkyB amid a phone-hacking scandal.

News Corp. Sells MySpace to Specific Media for $35 Million

MySpace, bought by the News Corporation six years ago for $580 million, has been sold to Specific Media for about $35 million, two executives with knowledge of the sale said Wednesday.

Senh: That's a third of what Friendster got sold for.

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Investor Group Is Frontrunner for Myspace

An investor group has emerged as a frontrunner in negotiations with News Corp. to take control of Myspace, as the media company rushes to complete a transaction by June 30.

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Confirmed: IGN Buys UGO, Hearst Gets Equity In New Venture That Will Soon Spin Out

News Corp's IGN gaming and entertainment property has just acquired Hearst's gaming and entertainment property UGO, we've confirmed with the company. And yes, the move is step one towards News Corp. spinning out IGN as its own property sometime relatively soon, we're told.

DealBook: News Corp. Reaches Deal for Shine

The deal is widely seen as an effort by the News Corporation's Rupert Murdoch to bring his daughter Elisabeth back into his media empire.

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My Take on the Flixster Acquisition of Rotten Tomatoes

Wed, 01/06/2010 - 12:58pm — senh

Like most, I originally thought News Corp was acquiring Flixster. Instead, it was Flixster acquiring Rotten Tomatoes. I think it's a great fit. Rotten Tomatoes's aggregated critics ratings combined with Flixster's user ratings, Rotten Tomatoes's premium content combined with Flixster's user-generated content. The combined audience of 30M worldwide uniques definitely puts them up there with Yahoo! Movies and Moviefone, the second and third largest movie sites on the web respectively. IMDB is number one, by far. And it's gonna be tough for Flixster/RT to surpass them. When you search for a movie or celebrity, IMDB is usually the first result on Google (and other search engines); and that's the main reason for its dramatic growth in the last couple years. If Flixster/RT can become a more authoritative source than IMDB and surpass its rankings in search engines, then it can become numero uno. If not, being number 2 ain't bad.

Flixster Acquires Rotten Tomatoes

Flixster just announced that it has acquired Rotten Tomatoes, the popular movie review site, from IGN Entertainment. IGN is a division of Rupert Murdoch's News Corporation.

Photobucket To Be Valued At $60 Million In Sale To Ontela

Lots more details are coming in on the Photobucket fire sale by MySpace/News Corp. The sale is all but complete, say new sources.

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